中文摘要：

本文基于2000--2007年中国工业企业数据库和海关贸易数据库的匹配数据,采用倾向得分匹配方法系统地评估企业出口行为对其风险承担的影响。结果表明：（1）企业在出口后风险承担水平显著提高;（2）基于中介效应模型的分析发现出口主要通过出口学习效应和规模经济效应对企业的风险承担能力产生积极影响;（3）因企业出口密集度、企业规模、融资约束、所有制、贸易方式以及出口目的国的不同,出口对企业风险承担的影响,具有显著的异质性。本文从微观层面证实了企业出口行为对其风险承担能力的积极影响,这意味着鼓励和促进有能力的企业从事出口活动、参与全球竞争,对于提升企业风险承担能力具有不可忽视的作用。

英文摘要：

Whether export can promote enterprises＇ risk-taking？ There hasn＇t quantitative identification of the above problems so far. Based on the firm-level micro data and highly disaggregated customs data from 2000 to 2007,this paper investigates the effects of export on enterprises＇ risk-taking. The results show that：（1） There exists a significant causal effect between export and enterprises＇ risk-taking,and the corporate risk-taking is significantly increased after exportation;（2） As for the specific mechanisms,the intermediary effect model show that export has a positive effect on firms＇ risk-taking through export learning effects and economies of scale;（3） The effects of export on enterprises＇ risk-taking are significantly different among firms with different characteristics,including firms＇ export intensity,firm size,financing constraints,firms＇ ownership,mode of trade and export destination countries. This paper provides a micro-level basis for evaluate the effect of export on Chinese enterprises＇ risk-taking objectively,and it also provides some beneficial policy implications for further encouraging and facilitate enterprises to engage in export activity.